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Replies to #9993 on S WAVE CHARTS
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RCKS

08/15/22 5:39 PM

#9994 RE: snootmagruder #9993

snoot

Let me add that aj took a fair amount of push back on the post I showed you and he made no attempt to defend it but went to the idea that the recent Breadth Thrusts are maybe the most telling reason to lean Bullish.

To present a balanced view there are Bearish takes and I still check in on this dude when he posts: Pokersam

https://www.siliconinvestor.com/readmsg.aspx?msgid=33963118

"This Bear market rally in wave X has been great with the C wave being a rocket launch. My thoughts are that profits should be taken as we near the 61.8% retrace of W at 4367. Though the rally has been great, staying too long at the party can be hazardous. At least think about being cautious there just in case. Why not?
Of course, the bulls who have held onto their longs from the top at 4818 have great hope of getting back to even now. Sorry, I don't think so. IMO the hole you find yourself in will only get deeper as we go to new lows in wave Y. Being a one trick pony has to be hard. Realizing that the market goes both up and down would be a step in the right direction. Some, oddly enough, think it only goes one way. They think everyone else feels the same. They only see perma bulls or perma bears. Both are losers. They think I am a perma bear because I was bearish from the top. LOL
From 4818 we went down, now we go up, then we go down again. Then we go WAAAY up. Neat, huh?"
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NASARAVI

08/17/22 8:33 AM

#10000 RE: snootmagruder #9993

Snoot

What’s your take have we reached the top and where next- a daily chart will help if you can point out.

Thanks in advance.